Andrew Gundlach - 27 Aug 2026 Form 4 Insider Report for Pasqal Holding SA (PSQL)

Reporting relationship: Director
Issuer ticker: PSQL
Reported as of: 27 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 Aug 2026, 19:25:30 UTC
Prior SEC filing: 27 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Andrew Gundlach

Key filing fact

Andrew Gundlach filed Form 4 for Pasqal Holding SA (PSQL) on 27 Aug 2026.

Key facts

This page summarizes Andrew Gundlach's Form 4 filing for Pasqal Holding SA (PSQL).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Aug 2026, 19:25.

Change

Previous filing in this sequence was filed on 27 Aug 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002031329 Primary reporting owner

Gundlach Andrew

Relationship: Director
Address: C/O PASQAL HOLDING SA, 24 AV. EMILE BAUDOT, PALAISEAU, FRANCE
Signature: /s/ Andrew Gundlach
Signature date: 27 Aug 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PSQL transaction

Ordinary Shares

Other

Transaction value
Shares: +50,233
Change %
Price
Shares after: 50,233
Date: 27 Aug 2026
Ownership: Direct
Footnotes: F1, F2, F3, F4

PSQL transaction

Ordinary Shares

Other

Transaction value
Shares: +2,461,433
Change %
Price
Shares after: 2,461,433
Date: 27 Aug 2026
Ownership: See footnote
Footnotes: F1, F2, F3, F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSQL transaction Derivative

Warrants

Other

Transaction value
Shares: +30,000
Change %
Price
Shares after: 30,000
Date: 27 Aug 2026
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 30,000
Exercise price: $11.50
Footnotes: F1, F2, F3, F4

PSQL transaction Derivative

Warrants

Other

Transaction value
Shares: +1,470,000
Change %
Price
Shares after: 1,470,000
Date: 27 Aug 2026
Ownership: See footnote
Underlying class: Ordinary Shares
Underlying amount: 1,470,000
Exercise price: $11.50
Footnotes: F1, F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated February 28, 2026, as amended, by and among Bleichroeder Acquisition Corp. II, a Cayman Islands exempted company ("Bleichroeder"), Bleichroeder Acquisition France Merger Sub 2, a French societe anonyme ("Merger Sub"), and Pasqal Holding SAS, a French societe par actions simplifiee ("Pasqal"), whereby Bleichroeder merged with and into Merger Sub, with Merger Sub continuing as the surviving company, and Pasqal merged with and into Merger Sub, with Merger Sub surviving the merger and being renamed "Pasqal Holding SA" ("Issuer") (the "Business Combination").

Footnote F2

As a result of the Business Combination, each ordinary share of Bleichroeder was automatically converted into ordinary shares, par value (euro) 0.02 per share ("Ordinary Shares"), of the Issuer, and each outstanding warrant of Bleichroeder was automatically converted into a warrant to purchase one Ordinary Share of the Issuer. Such warrants are exercisable 30 days after the completion of the Business Combination and expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.

Footnote F3

On August 27, 2026, in connection with the consummation of the Business Combination, Bleichroeder Sponsor 2 LLC ("Sponsor") distributed an aggregate of 9,583,333 Ordinary Shares, of the Issuer and 5,000,000 warrants to its members as a pro rata distribution for no consideration in accordance with the terms of the Sponsor's limited liability company agreement. Bleichroeder Management 2 LLC ("BM2") was the managing member of the Sponsor and received its pro rata share of such distribution. Under Rule 16a-13 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the reported distribution by the Sponsor to its members was exempt from Section 16 of the Exchange Act.

Footnote F4

On August 27, 2026, BM2 distributed such Ordinary Shares of and warrants of Issuer to its members as a pro rata distribution for no consideration in accordance with the terms of its limited liability company agreement. The securities reported herein were distributed to Mr. Gundlach and The ASG 2019 Irrevocable Trust on such basis. Under Rule 16a-13 promulgated under the Exchange Act, the reported distribution by BM2 to its members, and the acquisition by Mr. Gundlach and The ASG 2019 Irrevocable Trust were exempt from Section 16 of the Exchange Act.

Footnote F5

Includes securities which were distributed to The ASG 2019 Irrevocable Trust, of which the reporting person is trustee, in connection with the distribution by the Sponsor and BM2 of all of the Ordinary Shares and warrants held by it to its members, respectively. Mr. Gundlach disclaims any beneficial ownership of the securities held by The ASG 2019 Irrevocable Trust other than to the extent of any pecuniary interest he may have therein, directly or indirectly.